Mastercard launches Fintech Express in Europe, a programme designed to facilitate emerging fintechs’ launch and expansion. Leveraging the power of partnerships and Mastercard’s expertise, technology, and global network, startups will now be able to focus on innovation that drives the digital economy. Mastercard Fintech Express helps startups launch rapidly and expand based on their needs: […]

Emirates Post has announced the resumption of all mail, packets, and parcel services to Pakistan, providing the UAE’s Pakistani community as well as businesses a cost-effective channel to the high-volume market. Pakistan is one of Emirates Post’s key markets in South Asia, accounting for nearly 80 tons of postal material in 2019.   “Pakistan is […]

  HomesShopping.pk, one of the leading e-commerce players in Pakistan, has entered into a strategic partnership to enable overseas Pakistanis to buy goods in Pakistan by making payments in installments in their country of residence. This is a first of its kind globally – Buy Now, Pay Later propositions have to date only been available […]

A meeting of the Board of Directors of The Bank of Punjab was held on May 19, 2020 to consider and approve the un-audited Financial Statements for the 1st quarter of the year ended March 31, 2020. During the 1st quarter of the year 2020, Bank’s Net Interest Margin (NIM) remained a little subdued at […]

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced the launch of a campaign offering free international transfers for all individual customers during the ongoing COVID-19 situation. As part of the campaign which runs until 11 August 2020, customers can transfer funds to more than 150 countries in over 30 […]

The State Bank of Pakistan, in a meeting of the Monetary Policy Committee (MPC) on Friday, reduced the policy rate by 100 basis points to 8 percent.’ This decision reflected the MPC’s view that the inflation outlook has improved further in light of the recent cut in domestic fuel prices. As a result, inflation could […]

Since its launch of Refinance Scheme to Support Employment and Prevent Layoff of Workers, called Rozgar Scheme in common parlance, State Bank has been constantly receiving feedback from various stakeholders, making the scheme more facilitative for businesses and creating incentives to prevent the layoff of employees under current COVID Pandemic scenario. Many of the changes […]

Automotive giant Toyota has announced short-term interest-free emergency loans to all vendors. The coronavirus outbreak has negatively impacted every business in the country, and Pakistan’s auto industry is no different from an industry-wide shutdown. Automotive vendors have been sorely lacking in financial support. Therefore, Toyota’s recent decision to support them is a highly commendable move. […]